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KRSNAA DIAGNOSTICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of KRSNAA DIAGNOSTICS is 33.04.

Share Price ₹583.4Apr 18,2024
Market Cap ₹1,884.4 Cr
Earnings-TTM₹57.0 CrTTM-Consolidated Results
Price/Earnings33.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of KRSNAA DIAGNOSTICS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of KRSNAA DIAGNOSTICS is calculated as :

Current Market Cap [ ₹1,884.4 Cr] as on Apr 18,2024

(/) Earnings [ ₹57.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 33.04x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for KRSNAA DIAGNOSTICS , the investors are currently willing to pay 33.04 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of KRSNAA DIAGNOSTICS !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of KRSNAA DIAGNOSTICS over the last five years.

Historical PE (Price/Earnings) ratio chart of KRSNAA DIAGNOSTICS


PE Ratio Performance Analysis for KRSNAA DIAGNOSTICS

- KRSNAA DIAGNOSTICS 's latest p/e ratio is 33.04x.

- KRSNAA DIAGNOSTICS 's p/e ratio for fiscal years ending Mar2023 to Mar2022 averaged 22.78x.

- KRSNAA DIAGNOSTICS 's operated at median p/e ratio of 23.26x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, KRSNAA DIAGNOSTICS 's p/e ratio peaked in Mar2023 at 23.26x.

- KRSNAA DIAGNOSTICS 's p/e ratio hit its five-year low in Mar2022 of 22.29x.


How does KRSNAA DIAGNOSTICS 's P/E Ratio benchmark against top 10 peers in Hospital & Healthcare Services Industry?

Peer Comparison (Hospital & Healthcare Services Industry)Earnings-TTM (Cr)PE RatioMarket Cap
KRSNAA DIAGNOSTICS 57.0333.041,884.4
APOLLO HOSPITALS ENTERPRISE LTD809.27107.8187,250.7
MAX HEALTHCARE INSTITUTE LTD1,057.0271.3675,430.1
GLOBAL HEALTH LTD451.7881.5236,829.8
FORTIS HEALTHCARE LTD573.4857.3832,904.9
NARAYANA HRUDAYALAYA LTD772.0832.8325,344.8
ASTER DM HEALTHCARE LTD418.6662.2926,077.1
DR LAL PATHLABS LTD333.4056.1318,715.3
KRISHNA INSTITUTE OF MEDICAL SCIENCES LTD363.3342.9415,600.2
RAINBOW CHILDRENS MEDICARE LTD221.0959.6513,188.1
METROPOLIS HEALTHCARE LTD125.4270.978,900.5

Hospital & Healthcare Services Industry Benchmark (Top 10) PE Analysis vs KRSNAA DIAGNOSTICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 32.83x
Max industry PE 107.81x
Median industry PE 59.65x
Average industry PE 61.45x



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